China and the U.S.: who is more dependent on whom?

The global economy rules igry22-07-2009 China and the U.S.: who is more dependent on whom? China demands the United States to ensure the stability of the dollar. After all, China - the largest creditor of America. In May, China had accumulated U.S. government bonds are already at $ 801.5 billion in addition, the strong dollar makes Chinese exports more competitive. However, "both countries depend on each other, and both understand that perfectly," - told Bigness.ru Associate Professor Graduate School of Economics, Alexei Belyanin. China needs a stable dollar. China asks U.S. government to take measures to stabilize exchange rates in order to guarantee the safety of Chinese investment. Such requirements Beijing will put the American authorities in the first round of bilateral dialogue on strategic issues which will be held July 27-28 in Washington. "The Chinese side will offer U.S. take appropriate measures to obsecheniya stability of the dollar exchange rate and will require security guarantees for Chinese investment in the U.S. - said Assistant Minister of Finance Zhu Guanyao, whose words are quoted as saying by Interfax. Vice-Premier Wang Qishan will require American authorities "responsible policies to ensure the stability of the exchange rate of U.S. dollar and protect the safety of Chinese assets in the United States."